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Facebook stock slumps for third day

In its third day of trading, Facebook's stock is still in a slump, taking the shine off the frenzy that led up to the company's initial public offering last week.

Nasdaq's Facebook glitch came from 'race conditions'

The Nasdaq computer system that delayed trade notices of the Facebook IPO on Friday was plagued by race conditions, the stock exchange announced Monday. As a result of this technical glitch in its Nasdaq OMX system, the market expects to pay out US$13 million or even more to traders.

Yahoo agrees to sell back partial stake to Alibaba

Yahoo has agreed to sell off about half of its stake in Alibaba Group back to the Chinese e-commerce giant as part of a $7.1 billion deal, the two companies jointly announced.

Inside Apple's secret plan to kill the cash register

Apple's plans for a Bluetooth 4.0-based iWallet could be the beginning of the end for the venerable cash register.

Update: Facebook IPO stumbles out of the gate

Facebook's IPO got off to a shaky start as its share price ended the first day of trading with small gains.

Amex cards to work with Isis mobile wallet

American Express will enable its credit cards to work with the Isis Mobile Wallet system once the technology is deployed in Salt Lake City and Austin this summer.

Potential bidding war emerges for Quest Software

A number of parties have submitted bids to acquire Quest Software, which announced in March that it was going private via a US$2 billion stock buyback in partnership with equity firm Insight Venture Partners.

Foxconn to open new facility in Shanghai

Apple supplier Foxconn plans to set up headquarters in China, as part of the company's growing expansion in manufacturing and commercial operations.

Technical problems disrupt Euronext trading in Amsterdam

Online trading in options and futures at NYSE Euronext in Amsterdam was disrupted for hours on Monday morning due to unspecified "technical problems," the stock exchange said.

Lenovo building plants to make tablets, smartphones

Chinese PC maker Lenovo plans to invest more than $796 million to build facilities for the development and production of tablets, smartphones, and other mobile devices, it said Monday.

Cisco to buy real-time network analytics firm Truviso

Cisco announced Thursday that it plans to acquire network analytics company Truviso for an undisclosed amount, in an effort to help users hone operational efficiencies.

Microsoft invests in new Barnes & Noble unit, settles litigation

Microsoft will invest $300 million in a new Barnes & Noble subsidiary, which will include the digital Nook and College businesses of Barnes & Noble, the companies said in joint statement on Monday.

ZestCash brings Big Data to consumer lending

ZestCash, an online lending service for lower-income borrowers, has begun using a new big data-driven decision-making method that it claims will allow it to lend to 25% more people and improve repayment rates by 20%.

Venture capital poured into enterprise software in Q1

The buttoned-down IT industry outshone flashy consumer Internet startups at raising money in the first quarter, logging a big increase in U.S. venture capital investments, especially in enterprise software.

Russian charged with hacking into brokerage accounts

A Russian national has been charged in the U.S. with allegedly hacking into brokerage accounts and executing fraudulent trades, which several brokerage houses claim caused $1 million in losses.

Verizon launches faster network for financial firms

Verizon today launched a new low-latency network for financial services firms that can complete a stock trade between New York and Chicago in as little as 14.5 milliseconds.

Apple shares rebound after five-day slide

Apple's stock rebounded today from a several-day slump, gaining $29.57 to $609.70 by the market's close, up 5.1% from its Tuesday opening price.

Weak passwords still the downfall of enterprise security

A recent data breach that exposed the Social Security numbers of more than 255,000 people in Utah has once again highlighted the longstanding but often underestimated risks posed to organizations by weak and default passwords.

Cybercriminals use Zeus malware to target cloud payroll services

Cybercriminals are using the Zeus online banking malware to target companies that use cloud-based payroll services, researchers from security firm Trusteer said Monday.

Global Payments breach raises questions

Questions remain over a computer intrusion at Global Payments that exposed data on at least 1.5 million credit and debit card holders.